Dow and Nasdaq down; Louisville company finds success helping businesses find workers - WDRB 41 Louisville News

Dow and Nasdaq down; Louisville company finds success helping businesses find workers

Even though oil prices dropped Wednesday, without much to guide investors Wall Street couldn't find its way into positive territory -- another down day after yesterday's triple digit loss on the Dow.

The Dow is down 131.24 points to close at 12,029.

The Nasdaq also closed down 28.02 points at 2,429

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Fifth Third bank stock fell nearly 20% Wednesday.

The Wall Street Journal reports the Ohio-based bank with several branches in Louisville is going to sell about $one billion dollrs of non-core business to raise capital.

The bank will also cut its quarterly dividend by about 30 cents. Bad loans are to blame for the bank's problems.

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If you're looking for a job, you know how competitive it is.  One Louisville company bases its success on helping businesses find workers.  Several times a year, Job News holds a job fair and Wednesday it opened for business in Jeffersonville.

Job News calls itself a recruitment solutions company that offers print, web, broadcast, and job fairs to help businesses find job candidates.

General Manager Andy Dietz explains, "We have four Louisville job fairs each year. This is the first time we've come to Indiana...this is an opportunity to let jobseekers see that, sure times are bad, but there's alot of employers that have needs, hundreds of job openings."

24 businesses took part in Wednesday's job fair, with positions ranging from pharmacists to truck drivers.  Dana Lieber of the Horseshoe Casino-Hotel says, "We have line cook positions, prep cook positions, dishwasher, house keeping, lots of different opportunities, we have something for everyone."

And Amy Simpson of St. Catherine Regional Hospital says, "We have RN positions, we have LPN, we have some different clerical positions for doctor's offices, we have a website with our job postings on it."

Job News opened for business in Louisville in the mid-90s and is now in 21 markets.   Its success comes in matching companies with workers.  Dietz says, "In the 14 years we've been here, we've had up to a thousand employers sign on with us.  Most of our customers that come to us are repeat business, they keep coming back to us."

Wednesday's job fair attracted hundreds of people.  One worker named Matt worked at Lowe's, but a slowdown in business has him looking for work:  "With the market especially like at Lowe's, with the housing market not very good, it's the kind of work I like to do, it makes it very hard to find a job in that line."

And a worker named Teresa says, "I'm actually currently employed right now."  But she says she's looking to switch if she can make more money.  When asked whether being on TV at the job fair would make her lose her job, she said, "Let's hope not."

Job News publishes a print edition of job openings every Monday with 100 or more employers listing jobs. The Job News website is updated daily.

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Here's an effect of high gas prices you may not have thought of.  They could be felt when you buy your next sushi meal or shrimp dinner.

Thousands of Japanese squid fishing boats have stopped operating in protest against the fuel prices.  The boats are docked for two days to raise awareness about their problems.

Here in America many shrimpers have docked their boats because fuel prices are making it impossible to turn a profit.

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The bottled water phase in American lifestyle may be ending.  More Americans are apparently turning to tap water instead of bottled water to save some money.

The price of drinking tap water is pennies per year compared to the dollar or more for bottled water.

But still, consumers spent nearly $17 billion on bottled water last year; it's the slowest growth since the early 1990s.

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You've probably noticed how much your morning newspaper has shrunk.  Now your breakfast cereal package is shrinking too.  And like your newspaper, it costs the same, or more.

Kelloggs is using smaller packaging but charging the same price for five of its cereals.  The brand is being reduced by two and a half ounces.

General Mills started selling smaller boxes about a year ago.

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